Common use of Obligations to Employees Clause in Contracts

Obligations to Employees. All accrued obligations and liabilities of Cache, each of its Subsidiaries and all Employee Plans, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely paid to the extent required by applicable Law or the terms of such plan, contract program, policy, or other governing instruments: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, by Cache or any of its Subsidiaries for its current or former directors, officers, employees and agents. To the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache or its Subsidiaries according to GAAP and applicable Law applied on a consistent basis. All obligations and liabilities of Cache and each of its Subsidiaries for all other forms of compensation that are or may be payable to their current or former directors, officers, employees or agents, or pursuant to any Employee Plan, have been and are being paid to the extent required by applicable Law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache and each of its Subsidiaries according to GAAP and generally accepted actuarial principles. All accruals and reserves referred to in this Section are correctly and accurately reflected and accounted for in the FR Y-9SP Reports and the books, statements and records of Cache and each of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

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Obligations to Employees. All accrued obligations and liabilities of CachePrairie, each of its Subsidiaries and all Employee Plans, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely paid to the extent required by applicable Law or the terms of such plan, contract program, policy, or other governing instruments: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, by Cache Prairie or any of its Subsidiaries for its current or former directors, officers, employees and agents. To the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache Prairie or its Subsidiaries according to GAAP RAP and applicable Law applied on a consistent basis. All obligations and liabilities of Cache Prairie and each of its Subsidiaries for all other forms of compensation that are or may be payable to their current or former directors, officers, employees or agents, or pursuant to any Employee Plan, have been and are being paid to the extent required by applicable Law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache Prairie and each of its Subsidiaries according to GAAP RAP and generally accepted actuarial principles. All accruals and reserves referred to in this Section are correctly and accurately reflected and accounted for in the FR Y-9SP Reports Prairie Financial Statements and the books, statements and records of Cache Prairie and each of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Equity Bancshares Inc)

Obligations to Employees. All accrued obligations and liabilities of Cache, each of its Subsidiaries ------------------------ and all Employee payments by Community and Bank, and all Community Plans, whether arising by operation of law, by contract or by past custom, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, authority or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely and are being paid to the extent required by applicable Law law or by the terms of such plan, trust, contract programor past custom or practice, policy, or other governing instrumentsand adequate actuarial accruals and reserves for such payments have been and are being made by Community and Bank in accordance with generally accepted accounting principles and applicable law applied on a consistent basis and actuarial methods with respect to the following: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock option and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay)welfare, retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, to by Cache Community or any of its Subsidiaries Bank for its current or former directors, officers, employees and agents. To , including, without limitation, all liabilities and obligations to the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache or its Subsidiaries according to GAAP and applicable Law applied on a consistent basisCommunity Plans (as defined in Section 4.14(a) hereof). All obligations and liabilities of Cache Community and each Bank, whether arising by operation of its Subsidiaries law, by contract or by past custom or practice, for all other forms of compensation that which are or may be payable to their current or former directors, officers, employees or agents, agents or pursuant to any Employee Plan, Community Plan have been and are being paid to the extent required by applicable Law law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache Community and each of its Subsidiaries according to GAAP and Bank in accordance with generally accepted accounting and actuarial principlesprinciples applied on a consistent basis. All accruals and reserves referred to in this Section 4.15 are correctly and accurately reflected and accounted for in all material respects in the FR Y-9SP Reports Community Financial Statements and the books, statements and records of Cache Community and each of its SubsidiariesBank.

Appears in 1 contract

Samples: Agreement of Affiliation and Merger (Community Financial Corp /Il/)

Obligations to Employees. All accrued obligations and liabilities of Cache, each of its Subsidiaries and all Employee payments by UCBC or Union Federal and all UCBC Plans, whether arising by operation of law, by contract or by past custom, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, authority or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely and are being paid to the extent required by applicable Law law or by the terms of such plan, trust, contract programor past custom or practice, policy, and adequate actuarial accruals and reserves for such payments have been and are being made by UCBC or other governing instrumentsUnion Federal in accordance with generally accepted accounting principles and applicable law applied on a consistent basis and actuarial methods with respect to the following: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock option and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including including, without limitation, vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, to by Cache UCBC or any of its Subsidiaries Union Federal for its current or former directors, officers, employees and agents. To , including, without limitation, all liabilities and obligations to the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache or its Subsidiaries according to GAAP and applicable Law applied on a consistent basisUCBC Plans (as defined in Section 4.14(a) hereof). All obligations and liabilities of Cache and each UCBC or Union Federal, whether arising by operation of its Subsidiaries law, by contract or by past custom or practice, for all other forms of compensation that which are or may be payable to their its current or former directors, officers, employees or agents, agents or pursuant to any Employee Plan, UCBC Plan have been and are being paid to the extent required by applicable Law law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache and each of its Subsidiaries according to GAAP and UCBC or Union Federal in accordance with generally accepted accounting and actuarial principlesprinciples applied on a consistent basis. All accruals and reserves referred to in this Section 4.15 are correctly and accurately reflected and accounted for in all material respects in the FR Y-9SP Reports UCBC Financial Statements and the books, statements and records of Cache and each of its SubsidiariesUCBC.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Union Community Bancorp)

Obligations to Employees. All accrued obligations and liabilities of CacheXxxxx, each of its Subsidiaries and all Employee Plans, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely paid to the extent required by applicable Law or the terms of such plan, contract program, policy, or other governing instruments: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, by Cache Xxxxx or any of its Subsidiaries for its current or former directors, officers, employees and agents. To the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache Xxxxx or its Subsidiaries according to GAAP and applicable Law applied on a consistent basis. All obligations and liabilities of Cache Xxxxx and each of its Subsidiaries for all other forms of compensation that are or may be payable to their current or former directors, officers, employees or agents, or pursuant to any Employee Plan, have been and are being paid to the extent required by applicable Law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache Xxxxx and each of its Subsidiaries according to GAAP and generally accepted actuarial principles. All accruals and reserves referred to in this Section are correctly and accurately reflected and accounted for in the FR Y-9SP Reports Xxxxx Financial Statements and the books, statements and records of Cache Xxxxx and each of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

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Obligations to Employees. All accrued obligations and liabilities of Cache, each of its Subsidiaries the Bank and all Employee Plans, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely paid to the extent required by applicable Law or the terms of such plan, contract program, policy, or other governing instruments: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock and stock appreciation rights plans and agreements; (c) except as set forth on Docking Confidential Schedule 3.29, all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, by Cache or any of its Subsidiaries the Bank for its current or former directors, officers, employees and agents. To the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache or its Subsidiaries the Bank according to GAAP and applicable Law applied on a consistent basis. All obligations and liabilities of Cache and each of its Subsidiaries the Bank for all other forms of compensation that are or may be payable to their current or former directors, officers, employees or agents, or pursuant to any Employee Plan, have been and are being paid to the extent required by applicable Law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache and each of its Subsidiaries the Bank according to GAAP and generally accepted actuarial principles. All accruals and reserves referred to in this Section are correctly and accurately reflected and accounted for in the FR Y-9SP Reports Bank Financial Statements and the books, statements and records of Cache and each of its Subsidiariesthe Bank.

Appears in 1 contract

Samples: Director Support Agreement (Equity Bancshares Inc)

Obligations to Employees. All accrued obligations and liabilities of Cache, each of its Subsidiaries and all Employee payments by Peoples and the Bank, and all Peoples Plans, whether arising by operation of law, by contract or by past custom, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, authority or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely and are being paid to the extent required by applicable Law law or by the terms of such plan, trust, contract programor past custom or practice, policy, or other governing instrumentsand adequate actuarial accruals and reserves for such payments have been and are being made by Peoples and the Bank in accordance with generally accepted accounting principles and applicable law applied on a consistent basis and actuarial methods with respect to the following: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock option and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including including, without limitation, vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, to by Cache Peoples or any of its Subsidiaries Bank for its current or former directors, officers, employees and agents. To , including, without limitation, all liabilities and obligations to the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache or its Subsidiaries according to GAAP and applicable Law applied on a consistent basisPeoples Plans (as defined in Section 4.14(a) hereof). All obligations and liabilities of Cache Peoples and each the Bank, whether arising by operation of its Subsidiaries law, by contract or by past custom or practice, for all other forms of compensation that which are or may be payable to their current or former directors, officers, employees or agents, agents or pursuant to any Employee Plan, Peoples Plan have been and are being paid to the extent required by applicable Law law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache Peoples and each of its Subsidiaries according to GAAP and the Bank in accordance with generally accepted accounting and actuarial principlesprinciples applied on a consistent basis. All accruals and reserves referred to in this Section 4.15 are correctly and accurately reflected and accounted for in all material respects in the FR Y-9SP Reports Peoples Financial Statements and the books, statements and records of Cache Peoples and each of its Subsidiariesthe Bank.

Appears in 1 contract

Samples: Plan of Reorganization and Merger (Mainsource Financial Group)

Obligations to Employees. (a) All accrued obligations and liabilities of CacheRBI, each of its Subsidiaries and all Employee Plans, for payments to trusts (including grantor trusts) or other funds, to any government agency or authority, or to any present or former director, officer, employee or agent (or his or her heirs, legatees or legal representatives) with respect to any of the matters listed below have been timely paid to the extent required by applicable Law or the terms of such plan, contract program, policy, or other governing instruments: (a) withholding taxes, unemployment compensation or social security benefits; (b) all pension, profit-sharing, savings, stock purchase, stock bonus, stock ownership, stock option, phantom stock and stock appreciation rights plans and agreements; (c) all employment, deferred compensation (whether funded or unfunded), salary continuation, consulting, retirement, early retirement, severance, reimbursement, bonus or collective bargaining plans and agreements; (d) all executive and other incentive compensation plans, programs, or agreements; (e) all group insurance and health contracts, policies and plans; and (f) all other incentive, welfare (including vacation and sick pay), retirement or employee benefit plans or agreements maintained or sponsored, participated in, or contributed to, by Cache RBI or any of its Subsidiaries for its current or former directors, officers, employees and agents. To the extent that payment of any obligation or liability under any of the foregoing is not currently required, adequate actuarial accruals and reserves for such payments have been and are being made by Cache RBI or its Subsidiaries according to GAAP and applicable Law applied on a consistent basis. All obligations and liabilities of Cache RBI and each of its Subsidiaries for all other forms of compensation that are or may be payable to their current or former directors, officers, employees or agents, or pursuant to any Employee Plan, have been and are being paid to the extent required by applicable Law or by the plan or contract, and adequate actuarial accruals and reserves for payment therefor have been and are being made by Cache RBI and each of its Subsidiaries according to GAAP and generally accepted actuarial principles. All accruals and reserves referred to in this Section are correctly and accurately reflected and accounted for in the FR Y-9SP Reports RBI Financial Statements and the books, statements and records of Cache RBI and each of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Equity Bancshares Inc)

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